A SECURE RETIRED LIFE AWAITS YOU.

The post retirement years can be the best years of your life. No responsibilities. Lots of time for yourself. Time to do things you couldn't have done whilst you were working. But the best part is the peace of mind and the security, the kind that comes with the right financial planning. To make your post retirement years truly golden, we, at Birla Sun Life Insurance, bring you our Flexi Secure Life Retirement Plan.

The Birla Sun Life Flexi Secure Life Retirement Plan brings you two options - the Single Premium Plan and the Regular Premium Plan, which offer you benefits to meet your specific retirement planning needs.

The Birla Sun Life Flexi Secure Life Retirement Plan is a unit-linked plan. The plan is designed in two phases; the Build up or the Accumulation phase and the Annuity or the Payout phase. In the Accumulation phase you make regular contributions to build a nest egg on retirement. You can utilise this amount to buy an annuity, which can take care of your post retirement needs.

In the Accumulation Phase, the minimum amounts you can deposit are Rs. 20,000 under the Single Premium Plan and Rs. 5,000 under the Regular Premium Plan. In both the plans you can top up your fund with additional amounts whenever you have additional savings. However, the minimum amount of such top ups is Rs. 10,000.

The rider coverage may be added to the base policy at any time subject to BSLI's then current administrative and underwriting rules. Once added this Rider Coverage cannot be deleted.

You can choose from three Investment options depending on your risk appetite during the Accumulation Phase of your plan. All our investment fund options provide minimum net guaranteed overall returns of 3 percent p.a. At vesting and on death but not on surrender. The three investment options are:

You can change the investment option during the tenure of the policy after the first policy year. In any policy year two such switches can be made free of cost. To safeguard your fund against any market fluctuations especially closer to vesting, we will transfer your policy fund into the most conservative investment fund option of Nourish (if not already so), five years before the vesting date, unless you specifically instruct us otherwise.

The minimum age at entry should be 18 years and the maximum age for entry is 65 years for both Single Premium Plan and the Regular Premium Plan.

Vesting age is the age at which the policy benefits will be available for purchase of an annuity. You can choose from any of the Vesting ages between 50 years and 70 years subject to the minimum tenure of the plan as under:

You have the option to prepone or postpone your Vesting Age twice during the Accumulation phase. This change will be subject to the following conditions:

The revised vesting age will be between 50 years and 70 years.

The revised vesting age is at least 3 years (36months) away from your age at the time of request for the change.

In the case of a preponement you will be required to inform the Company at least three years in advance of the new Vesting Date.

In the case of a postponement you will be required to inform the Company at least six months in advance of the original Vesting Date.

The completion of the minimum tenure as indicated in the two plan options above.

The plan gives you the option to make partial surrenders from the Policy Fund once every year after the age of 55 years These can be made after the completion of three Policy Years and subject to the administrative rules of the Company. The minimum balance remaining in the Policy Fund after every such surrender should be Rs. 50,000. Partial surrenders will be subject to tax as per @ the relevant provisions of the Income Tax Act.@ .

On the date of vesting, you can either:

You can opt for a life insurance cover in your Retirement Plan till the vesting age. The minimum face amount for the life insurance cover will be Rs. 22,000 under the Single Premium Plan and Rs. 50,000 under the Regular Premium Plan. For the Single Premium Plan, the face amount will always be 110 percent of the single premium (rounded off to the nearest thousand rupees). The face amount can be increased or decreased during the term of the plan subject to the following:

The Life Insurance Coverage face amount will not be paid if the life insured commits suicide within one year of the issue or re-instatement of the Policy. Only the Policy Fund cash value will be payable.

1. Upon the death of the Life Insured under a Single Premium Policy which provides a Life Insurance Coverage, we will pay to the Claimant the higher of:

1. Upon the death of the Life Insured under a Single Premium Policy which provides a Life Insurance Coverage, we will pay to the Claimant the higher of:

If you choose a life cover, then you can opt for the following riders to further customize your plan:

(* 'As per current tax legislations')

Premiums paid under this plan (currently up to Rs. 10,000) will be eligible for tax benefits as per Section 80 CCC(1) of the Income Tax Act, 1961.#

On surrender, you shall receive the policy fund less surrender and all other outstanding charges. Minimum guaranteed investment returns do not apply at surrender. The surrender charges as a percentage of the policy premium (excluding any rider premium) depend on the policy payment mode and the year of surrender. The table of charges is given below:

On receiving your request for surrender, we shall make the payment at the earliest. Under exceptional circumstances, we reserve the right to defer the payment of any amount payable under the surrender benefit for a period not exceeding 31 days from the date we receive your request for payment. If the company exercises its right to defer payment, the request for payment will be deemed to have been made on the date the company makes the payment.

In a year two switches between Investment Fund options are free. For every additional switch, a charge not exceeding 1 percent (currently 0.5 percent) of the amount transferred will be levied. The Administrative Fee and the Fund Charge depends on the Investment Fund. The Company reserves the right to introduce new funds with different fees/charges subject to approval of the IRDA. The Fees and Charges mentioned above are applicable to all the three Investment Fund Options offered at present. All the Policy fees and charges can be modified by the Company subject to approval of the IRDA.

The administrative fee and the fund charge depends on the Investment Fund. The Company reserves the right to introduce new funds with different fees / charges subject to approval of the IRDA. The fees and charges mentioned above are applicable to all the three Investment Fund options offered at present. All the Ploicy Fees and charges can be modified by the Company subject to approval of the IRDA. For specific suitability and advice please contact your tax consultant.

Section 41 of Insurance Act : No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate or the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebates as may be allowed in accordance with the published prospectuses or tables of the insurer.